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Aug 8, 2013
08/13
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detroit bankrupt. that's what they were yelling. check out these fans at the detroit tigers and cleveland indians game. tied at the top of the ninth, let's go tigers cheers, they could not overcome the chants of detroit bankrupt. what a low blow. but detroit got the last laugh. oh, yeah, winning the game in the 14th inning, 6-5. good for them. >>> check this out -- most of us have athletes we admire, but usually from the sidelines. well, at a chelsea/real madrid game it was interrupted by a fan who ran on the field to hug and kiss cristiano ronaldo. the superstar was surprisingly calm and even hugged back before the fans took her away. it's kind of illegal. he is pretty good looking, though. >>> gaga lets loose. and one of the original 90210 stars is telling all about just what went on behind the scenes on that popular show. >>> so yesterday in fairbanks, we were looking at highs in the 80s once again. we broke the record high for the day which was 84. got all the way up to 85 degrees. and many people consider one of the coldest spo
detroit bankrupt. that's what they were yelling. check out these fans at the detroit tigers and cleveland indians game. tied at the top of the ninth, let's go tigers cheers, they could not overcome the chants of detroit bankrupt. what a low blow. but detroit got the last laugh. oh, yeah, winning the game in the 14th inning, 6-5. good for them. >>> check this out -- most of us have athletes we admire, but usually from the sidelines. well, at a chelsea/real madrid game it was interrupted...
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Aug 8, 2013
08/13
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MSNBC
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finally check out the rowdy fans at the detroit tigers and cleveland indians game. let's go tigers cheers could not overcome chance of detroit's bankrupt. what a low blow. but detroit, they did get the last laugh. winning the game in the 14th inning, 6-5. they came out on top. >> last laugh indeed. >>> and now it's time for our first look at politics on this thursday morning. we go back to our top political stories. joining us as he does every thursday, bob franken. bob, good morning. >> good morning. >> let's start with this news about obama not attending the meeting with putin in september. are we seeing beginnings of a new cold war here? >> it's a real shame because the last one went so well. i was so looking forward to another of the jovial photo ops. but it seems to me that cold war is sort of sneaking up on us just a little bit although just about all the parties would deny it. let us not forget that president putin is a project of the kgb. so there is still a lot of sentiment in russia, some hard feelings between the two countries. so, yes, i think we have to
finally check out the rowdy fans at the detroit tigers and cleveland indians game. let's go tigers cheers could not overcome chance of detroit's bankrupt. what a low blow. but detroit, they did get the last laugh. winning the game in the 14th inning, 6-5. they came out on top. >> last laugh indeed. >>> and now it's time for our first look at politics on this thursday morning. we go back to our top political stories. joining us as he does every thursday, bob franken. bob, good...
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Aug 1, 2013
08/13
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i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now. >> thank you very much. >> thank you. >> next. when does a person turn into a hero? we go all fan-go as she celebrates a milestone, don't miss it. >>> on this date, 35 years ago, on july, time news was reporting a test tube baby. this was in the pre-kardashian days, starring in the commercial. he tied a national league record with his 44-game hit streak. and nbc news, the parent company, did something that would forever change the course of history, in july, 1978, nbc news hired a local tv reporter and stuck her right on the air a few weeks later. something that was then called a general cor
i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now....
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Aug 6, 2013
08/13
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in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a dozen candidates will be running in a primary to become detroit's next powerless figure as mayor. finally, speaking of mayoral elections, is it true or false that a town in minnesota has just re-elected for a second mayoral term a 4-year-old boy? is that true or is that false? true. the place is dorsett, minnesota, population 28 on a good day. assuming nobody's on vacation or on a business trip. but one d
in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers...
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Aug 6, 2013
08/13
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MSNBCW
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in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a than a doz will be running in a primary to become detroit's next powerless figurehead mayor who can't do anything. the top two finishers regardless of party will move on to the general election in november and that will give the people of detroit another chance to take part in a pointless exercise in fake democracy that ought to be called a pageant and not an election. and although maybe it's not a bad id
in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers...
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Aug 12, 2013
08/13
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CSPAN2
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the idea here and this is the day of course i don't know if you heard this but detroit announced bankruptcy today. that is the top story today. so the goal is to have the cities find a way to grab ahold of that suburban tax money and bring it into the city. so the bottom line is that barack obama wants to redistribute the wealth of america's suburbs to the city. to see the radical file community organizers who mentored and trained barack obama all those years ago in chicago they really didn't like the suburbs. in fact their ultimate goal was literally to abolish the suburbs. why were obama's radical organizing mentors so upset about the suburbs? they blamed the suburbs for the problems of the city because when people move out to the suburbs, they take their tax money with them. so obama's radical organizers put on their thinking caps and came up with a strategy for the economic and political independence of america. and as the strategies came, a movement called the regional equity movement, the regional equity movement sometimes is just called regionalism for short. it goes under different
the idea here and this is the day of course i don't know if you heard this but detroit announced bankruptcy today. that is the top story today. so the goal is to have the cities find a way to grab ahold of that suburban tax money and bring it into the city. so the bottom line is that barack obama wants to redistribute the wealth of america's suburbs to the city. to see the radical file community organizers who mentored and trained barack obama all those years ago in chicago they really didn't...
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Aug 1, 2013
08/13
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i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now. >> thank you very much. >> thank you. >> next. when does a person turn into a hero? we go all fan-go as she celebrates a milestone, don't miss it. ♪ (woman) this place has got really good chocolate shakes. (growls) (man) that's a good look for you. (woman) that was fun. (man) yeah. (man) let me help you out with the.. (woman)...oh no, i got it. (man) you sure? (woman) just pop the trunk. (man vo) i may not know where the road will lead, but... i'm sure my subaru will get me there. (announcer) love. it's what makes a subaru, a subaru. ♪ [ male announcer ] it started long ago. the joy of g
i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now....
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Aug 9, 2013
08/13
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KNTV
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detroit is on a 12-game hot streak. they swept the cleveland indians in just four games. next up for the tigers, a-rod and the yankees in new york tonight. >>> on to golf now, the 95th pga championship off to a great start for jim furyk. check out this long birdie putt on the 16th hole. will it get in there? yes, it will. he nails it. furyk shares the lead with adam scott. >>> miami heat star lebron james tweeted this selfie before going to court in ohio to serve jury duty. he wrote, time to serve my civic duty. good guy there. >>> they say timing is everything. look at that. celebrity surfer ramon navaro captured this video of a southern white whale and her calf swimming side by side. definitely don't see that every day. >>> and in nebraska, competitors got down and dirty at the fifth annual combine derby. it's a tradition at the county fair. drivers take out their old harvesters trying to be the last one standing. it looks like a muddy mess but a blast indeed. >>> just ahead, kate upton on why men need to get their blank together. >>> all eyes over the next couple of da
detroit is on a 12-game hot streak. they swept the cleveland indians in just four games. next up for the tigers, a-rod and the yankees in new york tonight. >>> on to golf now, the 95th pga championship off to a great start for jim furyk. check out this long birdie putt on the 16th hole. will it get in there? yes, it will. he nails it. furyk shares the lead with adam scott. >>> miami heat star lebron james tweeted this selfie before going to court in ohio to serve jury duty. he...
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Aug 9, 2013
08/13
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KPIX
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one tiger who sunlt slumping is detroit pitcher max scherzer. the tigers' ace improved. completing a four-game sweep of the indians. >>> the l.a. dodgers continue their red-hot play on the road. a.j. ellis smacked a three-run homer helping the dodgers to a 5-1 win over st. louis. l.a. hoss won 17 of their last 18 games at home. >>> the baltimore ravens were back on the field for the first time since winning the super bowl. baltimore opened their preseason schedule against the bucs in reiny tampa. the ravens got a 7-6 lead. the defending champs don't look back from there. they win, 44-16. and the super bowl runners-up were also back in action. the san francisco 49ers hosting the denver broncos, before star quarterbacks collin kaepernick and peyton manning played just one series. the only touchdown comes when niners' running back d.j. harper coughs up the ball and phillips returns with a score. the broncos win, 10-6. >>> finally, just because you earn the tens of millions of dollar as year and you are the face of the nba doesn't mean you can escape jury duty. lebron james
one tiger who sunlt slumping is detroit pitcher max scherzer. the tigers' ace improved. completing a four-game sweep of the indians. >>> the l.a. dodgers continue their red-hot play on the road. a.j. ellis smacked a three-run homer helping the dodgers to a 5-1 win over st. louis. l.a. hoss won 17 of their last 18 games at home. >>> the baltimore ravens were back on the field for the first time since winning the super bowl. baltimore opened their preseason schedule against the...
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Aug 1, 2013
08/13
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MSNBCW
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i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now. >> thank you very much. >> thank you. >> next. when does a person turn into a hero? we go all fan girl as she celebrates a milestone, don't miss it. i dbefore i dosearch any projects on my home. i love my contractor, and i am so thankful to angie's list for bringing us together. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything
i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now....
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Aug 25, 2013
08/13
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WUSA
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where are the detroit lions? will they revert to the playoff form of two years ago or struggle like last year? >> thom: a lot of people are surprised. maybe i'm the only one. that you have green bay that highly rateded. >> brian: aaron ronlers is the best quarterback in the nfl for my money. i think they have help with lacy. the running back, jonathan from -- >> thom: alabama? >> brian: no, no. franklin, excuse me. jonathan franklin. this is going to be a team to deal with. >> thom: we'll look at the afc north when we come back. get the snap off prior to the two-minute warning and they do. a nifty play call there. fumbled out of bounds. that's good. 1:55 to go.
where are the detroit lions? will they revert to the playoff form of two years ago or struggle like last year? >> thom: a lot of people are surprised. maybe i'm the only one. that you have green bay that highly rateded. >> brian: aaron ronlers is the best quarterback in the nfl for my money. i think they have help with lacy. the running back, jonathan from -- >> thom: alabama? >> brian: no, no. franklin, excuse me. jonathan franklin. this is going to be a team to deal...
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Aug 4, 2013
08/13
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why are so few commentators outraged about the conservative destruction of detroit? that would be everybody. for the life of me, i don't know. i think a philosophy of how people do their job. this is just my philosophy. this is what i believe in. i don't think that you do a story and say, oh, well, we've covered that. let's get on to the next one. i've always been one who believes that you do a story and you get into the different facets of the story. and maybe others don't view it that way. where are the people? what's the back story? what's the ramifications? what's the money? where is the political push coming from? there are so many facets to the detroit story, stealing an election, cirqcumventing local elections. there is so much there. i don't know how i could do that story justice the way it is affecting p.eople's lives and hw conservative states are run and when conservatives get power. how do you do that in one show? i don't know. i can't speak for anyone else. but i made a commitment to stay on the detroit story because i think it is a model for destruction
why are so few commentators outraged about the conservative destruction of detroit? that would be everybody. for the life of me, i don't know. i think a philosophy of how people do their job. this is just my philosophy. this is what i believe in. i don't think that you do a story and say, oh, well, we've covered that. let's get on to the next one. i've always been one who believes that you do a story and you get into the different facets of the story. and maybe others don't view it that way....
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it's been less than a month since the city of detroit filed the largest municipal. bankruptcy and u.s. history seeking chapter nine protection for nearly twenty billion dollars worth of debt in long term liabilities now michigan state officials have taken the reins of the city's financial matters seeking to find a solution to a problem that many say is been brewing for years but although the detroit faces a dwindling population in the stressed economy the city may be turning a new page. producer amir david recently traveled to detroit to see what lies ahead for the motor city. we cannot and must not and we will not while it may seem like a calamity of the distant past it was only four years ago that the obama administration rode to the rescue of two detroit automakers general motors and chrysler the federal government port eighty billion dollars into the companies extending them a lifeline out of a looming bankruptcy. but it seems the city of detroit won't get the same bailout even after declaring a twenty billion dollar debt becoming the largest municipal bankruptc
it's been less than a month since the city of detroit filed the largest municipal. bankruptcy and u.s. history seeking chapter nine protection for nearly twenty billion dollars worth of debt in long term liabilities now michigan state officials have taken the reins of the city's financial matters seeking to find a solution to a problem that many say is been brewing for years but although the detroit faces a dwindling population in the stressed economy the city may be turning a new page....
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Aug 26, 2013
08/13
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ALJAZAM
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he thinks detroit can save itself one neighborhood at a time. what he's doing could be an inspiration for struggling cities everywhere. what happens when social media uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. can you say stocktopussy? [[voiceover]] every sunday night, al jazeera america city to file for bankruptcy protection. the people living there have had to deal with problems like burned out streetlights that aren't replaced. garbage that's picked up intermittently, vacant homes, all kind of problems. where many see a dying city, this detroit entrepreneur sees opportunity. this motown maverick believes detroiter s save the city one neighborhood at a time. our patricia sabga explains. >> yo you could call him a hand on entrepreneur. >> i work with concrete, metal, wood. i stay away from electricity. way. >> he buys old buildings in detroit in disrepair, fixes them up and starts businesses. right now he's working on his latest venture, pony ride, a collective of almost 4
he thinks detroit can save itself one neighborhood at a time. what he's doing could be an inspiration for struggling cities everywhere. what happens when social media uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. can you say stocktopussy? [[voiceover]] every sunday night, al jazeera america city to file for bankruptcy protection. the people living there have had to deal with problems like burned out streetlights that aren't...
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Aug 1, 2013
08/13
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CSPAN2
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and very recently just in the last few weeks detroit, the city of detroit, filed for bankruptcy, the largest municipal bankruptcy in u.s. history. other large states and local communities are teetering on the verge of bankruptcy. many states in horrible fiscal situations like california and illinois. meanwhile, mr. president, we are are not in a fundamentally sounder place here in washington at the federal level. even if we stick to the budget control act numbers -- and that's very much up in the air, but even if we stick to those numbers, congress will spend $967 billion in discretionary money this year and that will result in an $810 billion deficit, almost a trillion-dollar deficit this year. this nation total is almost $17 trillion in debt, and the federal reserve, its balance sheet has swollen from $800 billion in august of 2007 to over $3.5 trillion today. and so, mr. president, now more than ever, s. 101, the state and local government bailout prevention act, is appropriate, is needed, and that's why i come to the floor today to urge expeditious passage of s. 101. this bill is
and very recently just in the last few weeks detroit, the city of detroit, filed for bankruptcy, the largest municipal bankruptcy in u.s. history. other large states and local communities are teetering on the verge of bankruptcy. many states in horrible fiscal situations like california and illinois. meanwhile, mr. president, we are are not in a fundamentally sounder place here in washington at the federal level. even if we stick to the budget control act numbers -- and that's very much up in...
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Aug 10, 2013
08/13
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you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is fully funded. almost no pension plan is fully funded. once you get on 80% or 90%, you're in very good shape. >> maybe that's what we need to change. >> i would point out that part of the reason you don't have overfunded pension funds is that government regulations discourage funds from having more than 80% or 90%. that's a real problem. you get years like 2007 or 1999 where you've got a big booming market. and then the irs says disgorge all these extra overfunding that you have. and then when the market crashes, as everyone knew it would, a lot of these ended up in problems. i a
you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is...
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detroit's won ten in a row. miguel cabrera, gets danny salazar. salazar had struck him out three previous at-bats. only pitcher to do that this season. fourth at-bat, cabrera says strike this. 33rd home run. tigers up 4-3. we went into extras. prince fielder, shot to the gap. two score. the tigers hold on, 6-5. >>> justin upton and company taking on the nationals. justin upton, off fernando abad. top eight. they're up 4-3, runners on the corners. upton again. drives in two more. braves win it, 6-3. they extend their win streak to 13. >>> st. louis, ended that dodgers road winning streak on tuesday. wednesday, carl crawford ends shelby miller's day on his second pitch. crawford had four hits. but that one hurt miller, man. he would have to leave the game. elbow contusion. x-rays were negative. that's a positive. mike blazek ended out the inning. and then, it was jake westbrook. he was supposed to pitch today. and he looked like he wasn't ready to pitch wednesday. skip schumaker, the former cardinal, had a huge game. and the dodgers go on to win 13-
detroit's won ten in a row. miguel cabrera, gets danny salazar. salazar had struck him out three previous at-bats. only pitcher to do that this season. fourth at-bat, cabrera says strike this. 33rd home run. tigers up 4-3. we went into extras. prince fielder, shot to the gap. two score. the tigers hold on, 6-5. >>> justin upton and company taking on the nationals. justin upton, off fernando abad. top eight. they're up 4-3, runners on the corners. upton again. drives in two more. braves...
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Aug 30, 2013
08/13
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ALJAZAM
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who moved to the city of detroit from germany in 1851. and set up a farm on then the fringe of the built up city. >> arthur george a professor of urban studies at wayne state university here, has written extensively about detroit. the neighborhood where his family settled mirrors the cities history. >> this empty lot is where his father's home once stood. what goes through your mind now? >> i wish i didn't have to use my imagination, to see what life may have been like when he was a child in this neighborhood. neighborhoods like this, eerily shells. row can do online and find single family hopes for less than $20,000. even less than $500. >> tens of thousands of abandon homes are spread across 139 square miles. an area big enough to include san francisco, and the island of manhattan. a decent home at a good price, might be right next to a boarded up old billing or an empty lot. and that potential bargain may have plenty of expensive strings attached. >> detroit has a very highly developed illegal house stripping industry. we are talking a
who moved to the city of detroit from germany in 1851. and set up a farm on then the fringe of the built up city. >> arthur george a professor of urban studies at wayne state university here, has written extensively about detroit. the neighborhood where his family settled mirrors the cities history. >> this empty lot is where his father's home once stood. what goes through your mind now? >> i wish i didn't have to use my imagination, to see what life may have been like when he...
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on the list of good investments ok i'm not an economist but i would say i just went to detroit recently and i really feel like it's coming back i mean you have to keep in mind this is a city that's already hit a low a major major low and i don't think it can get much lower than i did it's just going to go up from here i mean the hundred dollar houses i mean they're literally just trying to get rid of inventory so how do. we clear the market ok yes the one hundred dollar houses those do exist but on the flip side of that i was there and speaking to people downtown who were telling me that there is an apartment shortage that there are young people moving in and they have no place to live so it's very very ironic thing there's a demand for apartments and loft and condos for the young people that are coming in the city that have a desire who who are these young people who are coming into the city i know we kind of talked about well if there was absolutely means there is huge companies that are taking retire there is one quicken loans in particular which is run by dan gilbert just moved ther
on the list of good investments ok i'm not an economist but i would say i just went to detroit recently and i really feel like it's coming back i mean you have to keep in mind this is a city that's already hit a low a major major low and i don't think it can get much lower than i did it's just going to go up from here i mean the hundred dollar houses i mean they're literally just trying to get rid of inventory so how do. we clear the market ok yes the one hundred dollar houses those do exist...
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detroit's won ten in a row. miguel cabrera, gets danny salazar. salazar had struck him out three previous at-bats. only pitcher to do that this season. fourth at-bat, cabrera says strike this. tigers up 4-3. prince fielder, shot to the gap. two score. the tigers hold on, 6-3. >>> justin upton and company taking on the nationals. justin upton, off fernando avlad. top eight. 4-3, runners on the corners. upton again. drives in two more. braves win it, 6-3. they extend their win streak to 13. >>> st. louis, ended that dodgers road winning streak on tuesday. wednesday, carl crawford and shelby millers on his second pitch. crawford had four hits. but that one hurt miller, man. he would have to leave the game. elbow contusion. x-rays were negative. and then, it was jake westbrook. he was supposed to pitch today. and he looked like he wasn't ready to pitch wednesday. skip schumaker, the former cardinal, had a huge game. and the dodgers go on to win 13-4. >> jerry hairston jr. had an rbi in that game, as well. >>> hey, have a great thursday. >> thanks, guy
detroit's won ten in a row. miguel cabrera, gets danny salazar. salazar had struck him out three previous at-bats. only pitcher to do that this season. fourth at-bat, cabrera says strike this. tigers up 4-3. prince fielder, shot to the gap. two score. the tigers hold on, 6-3. >>> justin upton and company taking on the nationals. justin upton, off fernando avlad. top eight. 4-3, runners on the corners. upton again. drives in two more. braves win it, 6-3. they extend their win streak to...
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Aug 8, 2013
08/13
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you want to see detroit's problem, look at this graph. in 1950, there were almost 2 million people in detroit, 2 million. now that number is down to around the 700,000, which means, when your city is shrinking like that, you end up with an eroding tax base. incapable, completely unable to pay off the pension costs that were incurred. and also not just pensions, but city services, infrastructure, all of it. in comparison, over that same period of time, new york has seen its population grow by more than half a million people, it's not been detroit. and another thing, detroit's economy has been nothing short of catastrophic. according to the city's own bankruptcy court declaration, the city lost approximately 80% of its manufacturing base. new york's economy by contrast has been booming. booming under bloomberg for better or worse. the key industry finance remains atop the world. one factor is that the fact that the city remains utterly and unbelievably racially segregated. this is a map of detroit, with dots corresponding for neighborhoods.
you want to see detroit's problem, look at this graph. in 1950, there were almost 2 million people in detroit, 2 million. now that number is down to around the 700,000, which means, when your city is shrinking like that, you end up with an eroding tax base. incapable, completely unable to pay off the pension costs that were incurred. and also not just pensions, but city services, infrastructure, all of it. in comparison, over that same period of time, new york has seen its population grow by...
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we're going on i'm doing great talk detroit again because this is your hometown i know you care about it so let's just dive right into it so detroit faces a long and arduous path towards its historic bankruptcy and for an update on this i mean we're here with you now so what's been going on with it for you filing let's just. right there right now obviously it was it did get the green light to go forward was about to start you know bankruptcy proceedings the judge did just set a date august nineteenth is the key day to keep in mind it's a date by which all motions challenges that need to be filed against detroit's eligibility for bankruptcy it's a question that will be addressed in court in october and it may not happen still but if it does happen so these things hearing you know these things can really dry go for your i can't i mean in california two thousand and nine year so i know that the emergency manager wants to see this happen oh ya quicker but when remains to be seen how long it's going to take and we've seen record highs in the stock market this week the s. and p. five hundre
we're going on i'm doing great talk detroit again because this is your hometown i know you care about it so let's just dive right into it so detroit faces a long and arduous path towards its historic bankruptcy and for an update on this i mean we're here with you now so what's been going on with it for you filing let's just. right there right now obviously it was it did get the green light to go forward was about to start you know bankruptcy proceedings the judge did just set a date august...
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motions challenges that need to be filed against detroit's eligibility for bankruptcy it's a question that will be addressed in court in october and it may not happen still but if it does happen so these things hearing you know these things can really drive go for year yet again even in california two thousand and nine years so i know that the emergency manager wants to see this happen a lot quicker but when remains to be seen how long it's going to take and we've seen record highs in the stock market this week the s. and p. five hundred is above seventeen hundred many companies they're bringing in their earnings but large businesses are sitting on more than one trillion dollars one trillion dollars of excess cash you know would you put the detroit on the list of good investments ok i'm not an economist but i would say i just went to detroit recently and i really feel like it's coming back i mean you have to keep in mind this is a city that's already hit a low a major major low and i don't think it can get much lower than this i think it's just going to go up from here i mean old one
motions challenges that need to be filed against detroit's eligibility for bankruptcy it's a question that will be addressed in court in october and it may not happen still but if it does happen so these things hearing you know these things can really drive go for year yet again even in california two thousand and nine years so i know that the emergency manager wants to see this happen a lot quicker but when remains to be seen how long it's going to take and we've seen record highs in the stock...
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Aug 25, 2013
08/13
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CNN
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i think if the detroit region comes back, i think detroit city may find its role within that region. >> detroit seems to be a story that's sort of at some, in some ways -- opposed to your book and your thesis. because it is a classic case where people left the city for the suburbs, you know, crime grew, it became a negative spiral, more and more -- and the well to do white middle class and upper middle class, just fled the city. they're doing fine i suppose in the outer suburbs, but the city itself imploded. >> it's sort of an outdated narrative. that was the path that everyone beat in the '50s and '60s and '70s, you had the white flight. that's not happening any more. i would agree with jennifer that detroit in many ways is an outlier. in many ways. but one interesting thing about detroit, is planners are looking at it as a great model of how to shrink. that is the proper response. because you need to shrink the city to meet the demands of its inhabitants, otherwise you have abandoned buildings and that fosters more crime, not good for young children to see that growing up. >>> when
i think if the detroit region comes back, i think detroit city may find its role within that region. >> detroit seems to be a story that's sort of at some, in some ways -- opposed to your book and your thesis. because it is a classic case where people left the city for the suburbs, you know, crime grew, it became a negative spiral, more and more -- and the well to do white middle class and upper middle class, just fled the city. they're doing fine i suppose in the outer suburbs, but the...
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Aug 29, 2013
08/13
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for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action lawsuit in colorado federal court. they claim that their employer, fantasy gentlemen's club in grand junction violated federal and state minimum wage laws. >> ladies just want to get paid. and a delta 4 heavy rocket was launched on wednesday. the classified payload is believed to be $1 billion high powered spy satellite. >>> starbucks is selling a limited crystal incrusted tenth anniversary mug. it's going for $150. >> a popular television commercial selling insurance was the inspiration behind this florida business that brought nomad the camel to work. what's
for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action...
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Aug 6, 2013
08/13
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down on its luck detroit now looking to see if it has anything valuable they met life you to -- they might give you to sell. they have hired christie's auction house to display the massive art collection. the appraisal is necessary but right now detroit has no plans to sell any of the 60,000 works of art. >> the time now is 18 minutes after the hour. next on the rundown a program designed to help our wounded warriors excel in business. it is instead helping cons line their wallets. a truck looking over a guardrail off the massive highway. it is all caught on tape. the amazing ending to this crash you will not believe. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. still running in the morning? yeah. getting y
down on its luck detroit now looking to see if it has anything valuable they met life you to -- they might give you to sell. they have hired christie's auction house to display the massive art collection. the appraisal is necessary but right now detroit has no plans to sell any of the 60,000 works of art. >> the time now is 18 minutes after the hour. next on the rundown a program designed to help our wounded warriors excel in business. it is instead helping cons line their wallets. a...
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Aug 20, 2013
08/13
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detroit does not have any problem that is 100% unique to detroit. however, it has a scale that is unprecedented, as well as -- it seems to have all of the problems, not just one or two. in the case of like a birmingham or the county that has declared a see their -- that has declared bankruptcy there, it is because of a specific bad investment, a municipal job that went awry and they lost billions of dollars. detroit is really tied to attention problems, and that is unique -- detroit is really tied to its pension problems, and that is unique, and especially scary to americans. as heidi and i discussed many times, this is either a cautionary tale or a blueprint for other cities. we have to wait and watch. there is all of these unknowns happening right now. detroit is certainly not completely unique in its issues. guest: just to follow-up on that, in terms of scale, the second-largest accuracy, jefferson county -- second- largest bankruptcy, jefferson county, alabama, that was long- term by police, $4.5 billion. are $20s liabilities billion-plus. it co
detroit does not have any problem that is 100% unique to detroit. however, it has a scale that is unprecedented, as well as -- it seems to have all of the problems, not just one or two. in the case of like a birmingham or the county that has declared a see their -- that has declared bankruptcy there, it is because of a specific bad investment, a municipal job that went awry and they lost billions of dollars. detroit is really tied to attention problems, and that is unique -- detroit is really...
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friendly houses good work habitat for humanity the bass brothers is a big black cloud hanging over detroit and no it's not the city's pending bankruptcy proceedings it's waste from the alberta tar sands every day koch industries purchases tons upon tons of high petroleum high sulfur petroleum coke the high carbon isotope of control and go left over from the tar sands oil extraction and ships it down the great lakes storing it at a port along the detroit river as you can see in this video wind often blows the coke off cross the river and into the surrounding neighborhoods as if detroit didn't already have enough problems now it has solidified our ways sans it whipping through its streets great job koch brothers and a very very ugly the hunger games can a day camp in largo florida has a great idea for summertime fun for kids a fight to the death at the end of every week counselors gather their campers together and organize them into teams the counselors then order the teams to hunt arrivals down and kill them the game is based on the popular movie the hunger games that parents and educators
friendly houses good work habitat for humanity the bass brothers is a big black cloud hanging over detroit and no it's not the city's pending bankruptcy proceedings it's waste from the alberta tar sands every day koch industries purchases tons upon tons of high petroleum high sulfur petroleum coke the high carbon isotope of control and go left over from the tar sands oil extraction and ships it down the great lakes storing it at a port along the detroit river as you can see in this video wind...
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Aug 15, 2013
08/13
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FBC
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new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care cost contributing to the financial ruins threaten the economic stability. most new york city employees and retirees pay nothing for $6.3 billion in annual health insurance. workers pay little for pension that have taxpayers on the hook for $8 billion this year. spiegel in your city has 10,000 police officers retired were for under 40 and clayton pensions and they will collect the pensions for the rest of their lives. >> expired at least three years ago, the next mayor will be under pressure to win concessions. >> the unions have tried to wait it out. putti
new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care...
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Aug 8, 2013
08/13
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despite michigan and detroit struggles. he wanted to show we don't have to sink under the weight of our burdens. >> should be clear it wasn't that he was carrying one brick. one dinghy. half the amount of bricks he had when he started. still incredible feat. and good cause too. >> unbelievable. he said the hardest thing going against the current most of the way. swimming in waves, two to three feet during the day. three to four feet during the night. that slowed down his progress. i think he did just fine. >> check this out apparently had a couple hallucinations along the way one at night he describes a vegs ision of jesus ghost ships out there as well. the cold, temperature, just having to be in so much mobile, mobility all the time, you, you, lose it. little bit. >> kept on going. >> he did. coming up. who says having sex with your ex might be a good idea? i don't. what do you think? >> i think it is an awesome idea. did i say that out loud? the struggle with kids so fussy they won't eat. why some parents now say to the k
despite michigan and detroit struggles. he wanted to show we don't have to sink under the weight of our burdens. >> should be clear it wasn't that he was carrying one brick. one dinghy. half the amount of bricks he had when he started. still incredible feat. and good cause too. >> unbelievable. he said the hardest thing going against the current most of the way. swimming in waves, two to three feet during the day. three to four feet during the night. that slowed down his progress. i...
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Aug 7, 2013
08/13
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MSNBCW
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detroit is $18 billion in debt. the average police response time for high priority calls is almost an hour. half the parks have been closed since 2008. 40% of street lights don't work. it does kind of beg the question why would anybody want to run for mayor? >> yeah. that's a good question. i mean, i think right now the two candidates for mayor are both playing their respective strong cards. napoleon is playing i'm a police chief, i'll bring law and order to the city and dugan is saying i'm an ceo and i've turned around other failing organizations in the past and i can work with the emergency manager to turn around detroit. in reality neither have very much power and it rests in the hands of the emergency manager and his boss, the governor of michigan. >> you know what detroit was in its glory days. this was an industrial power house and it didn't bring us just cars but great music. at one point, such a beautiful city, it was called the paris of the west. there are some other midwestern industrial cities and you aha
detroit is $18 billion in debt. the average police response time for high priority calls is almost an hour. half the parks have been closed since 2008. 40% of street lights don't work. it does kind of beg the question why would anybody want to run for mayor? >> yeah. that's a good question. i mean, i think right now the two candidates for mayor are both playing their respective strong cards. napoleon is playing i'm a police chief, i'll bring law and order to the city and dugan is saying...
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Aug 10, 2013
08/13
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FOXNEWS
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look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something, that -- whatever terms they get are going to be realized. and that when they start building something, it is not going to be torn out from underneath them and retraded like a tax break or things like that. where you find municipalities and states trying to track new business by using hose methods. so i think that's a first step. they have got to make sure that they remain credible and right now i think that's a really big issue. if they can do that, then i think that the next step is to bring in tax breaks and other incentives for new in
look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something,...